Home / Knowledge / News / Textiles / Domestic cotton production suffices meager needs
Domestic cotton production suffices meager needs
27
Jan '09
Vietnam needs to import a huge amount of cotton every year to feed the increasing appetite for the white gold from its textile mills. The main reason being that cotton production is falling with each passing year in the country. Experts say that with global cotton acreage shrinking for 2008-09 year, the shortage of this natural fibre will only become more pronounced.

Since the last few years, the cotton acreage has been falling sharply. Statistics reveal that Vietnam has been facing acute shortage of cotton for past couple of years and the problem has just got worse. During the 2007-08 year the cotton growing area came down to less than 7,000 ha, and yield reached only 2,600 tons of fibre. This met only 2 percent of the domestic textile need.

This has led to cotton ginning units shutting down their plants due, to shortage of cotton to process the same. In the first ten months of 2008, Vietnam imported cotton amounting to 198,094 tons and valued at US $306 million, compared to 212,000 tons of cotton, worth $268 million in the whole of 2007.

The 2003-04 cotton crop was the country's largest, with 31,187ha allocated to growing the crop which reduced to less than 7,000ha. Farmers have stopped growing cotton and switched to crops such as maize, potato, cassava and tobacco which provide relatively higher returns than cotton. Economists predict that looking at the current conditions; they foresee a situation where cotton will no longer be grown in the country by 2010.

The US tops the list form amongst the cotton importing countries followed by India, Singapore, Switzerland & UK. The volume of imports from US, India and Singapore grew sharply by 67.6, 93.6 and 317.5 percent respectively in Jan-Oct 2008 compared to the same period in 2007.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search